Brazil. An unexpected G.D.P. growth in Q3 2019

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12 December 2019 à 16h30

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1 minute

Publication: 12 December 2019 à 16h30

Reading time: 1 minute

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Publication

12 December 2019 à 16h30

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1 minute

Publication: 12 December 2019 à 16h30

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Having stagnated in 2018, the Brazilian GDP recorded an unexpected growth in Q3 2019, up by +0.6%. This is a good news for the far-right President Bolsonaro, who aims to undertake major reforms. The agricultural sector grew by 1.3% in Q3 while household consumption grew by 0.8%, up from +0.2% in Q2. Household consumption remains a driving engine in the economy, as it accounts for more than 60% of the GDP. Growth was driven by lower interest rates and a slight improvement in the labor market.

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